Kuwait Banks to provide free SMS alerts

Thursday, August 16, 2018

The Central Bank of Kuwait has instructed all local and foreign banks in the country to provide their clients with free Short Message Service (SMS), giving them real-time transaction alerts. The SMS service encompasses all debit card transactions as well as online banking, but clients can be contacted through other means if they choose so, Governor Mohammad Al-Hashel said in a statement.

He revealed that the service will be up and running on Sept 16 and is part of plans to provide customers with top-notch banking services, helping banks to deal with any potential cyber threats. Hashel also described the measure as a surveillance tactic that assures clients of foolproof security, given the alarming rise in banking fraud.

Express your comment on this article

 
Vinodkumar
Friday, August 17, 2018
A good move. Customer friendly news. Thnx to central bank for caring its customers.

Master
Friday, August 17, 2018
Sir again its some conflict
If u change ur mobile or people who cant reach bnk n update new contact its again a prob...infact one malwadi kanjoos mentioned charges..it will be free..its good..wish free of cost credit cards to be provided..

Rajan
Thursday, August 16, 2018
Great move. This will help in reducing the fraudulent transactions. However, for customers who travel abroad, they may not receive alerts if they do not have roaming service

Erny
Thursday, August 16, 2018
This is one of the best decision of the Central Bank. This goes to show that the Government cares for the citizens and expats interests.
Good Job.

Hary Paul
Thursday, August 16, 2018
This is very commendable move by The Central Bank of Kuwait Governor Mohammad Al-Hashel. Thank you for your wise action.
Banks need to inform the clients about all the activities related to each customer''s accounts at the earliest so that customers can take necessary precautions against any fraudulent transaction without any delay.

sajos
Thursday, August 16, 2018
Good news. Bank used to charge KD 10 ($33) per year.

Expat
Wednesday, August 15, 2018
Perfect Decision. Thank you Central bank.

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